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Clark - Bill Henderson's Legal Market Landscape Report
1.
Bill Henderson’s Legal Market
Landscape Report Kathleen Clark D.C. Bar Global Legal Practice Committee December 6, 2018
2.
3.
4.
5.
Two Hemispheres Hemisphere 1:
Hemisphere 2: PeopleLaw Organizational Clients
6.
Solo Practitioners 1975 1995 $99,159
$55,000
7.
8.
The Economics of PeopleLaw
9.
2017 Clio study
10.
60,000 law firms
11.
2.3 hours legal work per day
12.
82 % of
that billed 86 % of that collected
13.
1.6 hours /
day
14.
low-stakes high-volume cases
15.
Rule 5.4 may be
a primary cause
16.
Lagging Legal Productivity
17.
18.
19.
20.
21.
22.
23.
24.
Comparative Innovation
25.
26.
27.
28.
29.
Cost Disease
30.
31.
32.
Higher relative cost Shrinking
demand Substitution
33.
76 % at least
1 party is unrepresented
34.
Organizational Clients
35.
36.
Big Four Accounting Firms
37.
Emerging Legal Services Technologies
38.
LegalZoom Avvo
39.
responding to lagging legal productivity
40.
Collaborate with •technologists •process design
experts •data scientists
41.
Bill Henderson’s Legal Market
Landscape Report Kathleen Clark D.C. Bar Global Legal Practice Committee December 6, 2018
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